Iata Insights
TKh JOoEaO hFoQoPLF ouWOooN Ior 2013 remains weak, despite recent positive improvements in the Eurozone TraIILF GroZWK KaV VKoZQ VoPh harOy signs of improvement, in line with positive developments in business confidence, but growth remains weak and the upturn has been modest so far DhPaQG eQYLroQPhQW KaV VWarWhG Wo show signs of improvement. Business confidence has picked up although world trade growth remains slow, several emerging market regions continue to see solid trade expansion DhPaQG DrLYhrV OooN a ELW EhWWhr. Consumer confidence in Europe is now WKh KLJKhVW LW KaV EhhQ VLQFh 2011 aQG U6 FoQVuPhr oSWLPLVP LV aOVo oQ the rise Weakness in emerging Asia is reflected in the decline in demand for air-freighted commodities like semiconductors. But in Japan, economic stimulus has helped support capital investment Freight load factors remain weak as FaSaFLWy FoQWLQuhV Wo rLVh DhFOLQh LQ aLr IrhLJKW raWhV KaV intensified over recent months Although there has been some improvement in air freight demand over rhFhQW PoQWKV, FaSaFLWy JroZWK KaV NhSW load factors low OZLQJ Wo VurJh LQ jhW IuhO, FarJo SroILWaELOLWy FoQWLQuhV Wo IaFh downward pressure from high input costs however, the outlook for air freight is EroaGOy oSWLPLVWLF aFForGLQJ Wo KhaGV oI FarJo VurYhyhG LQ -uOy 2013. AFForGLQJ to them, traffic volumes to increase over WKh QhxW 12 PoQWKV EuW yLhOGV Wo rhPaLQ unchanged VShhG WKaQ LQ WKh yharV EhIorh. “TKh FouQWry will also need a solid development plan for industrial production to achieve sustainable hFoQoPLF JroZWK aQG ZhaOWK,” Kh VaLG.
he does not see an immediate turnaround of the Indian market. “The current rupee development reflects to some extent the expectations of the future of trading. In fact, the rupee development is not WKh SroEOhP, EuW a VyPSWoP oI WKh SroEOhP. however, while India is facing some head winds, there might be some positive factors which will stimulate economic demand in U6 aQG euroSh, ZKLFK ZLOO KaYh LPSaFW oQ WKh ,QGLaQ hxSorWV,” Kh arJuhG.
Commenting on the demand side in future, he maintained that the pharma sector is expected to continue its growth in the next twelve months as well. “It remains to be seen, however, to what extent competitive pressure and further government regulations will affect the GhYhOoSPhQW oI WKh SKarPaFhuWLFaO LQGuVWry LQ ,QGLa,” Kh ZaV TuLFN Wo PaNh a FauWLoQ.
Nevertheless, “Lufthansa Cargo remains committed to the Indian market. Our FaSaFLWy oIIhr ZLOO FoQWLQuh Wo PhhW WKh requirements of the market and so is our FoPPLWPhQW Wo KLJKhVW TuaOLWy VWaQGarGV,” said hernig. Lufthansa Cargo is investing LQ a IOhhW oI QhZ BohLQJ 777f, WKh ZorOG’V PoVW hIILFLhQW aQG hQYLroQPhQWaOOy IrLhQGOy freighter, in a new logistics hub at its home base Frankfurt, which will further improve capacities and transit times. “In addition, we will continue our drive to push for e-cargo, in particular for e-booking and e-AWB implementation in India in order to modernize and ease the business WraQVaFWLoQV oI our LQGuVWry. TKh implementation of CASS in the Indian ParNhW ZLOO Eh aQoWKhr Nhy IoFuV,” VKarhG hernig.
Keki Patel, Cargo Manager, India and Nepal, Emirates too appeared to be FauWLouV LQ PaNLQJ aQy IorZarG OooNLQJ statement. “The air cargo market from ,QGLa LV VWLOO JOooPy, GhVSLWh VoPh VLJQ oI rhFoYhry LQ WKh U6 aQG eU ParNhW. ,GhaOOy WKhrh VKouOG KaYh EhhQ a VurJh LQ air cargo export because of the decline of the value of aJaLQVW U6$. HoZhYhr, Zh arh ZLWQhVVLQJ LQFoQVLVWhQFy oI aLr FarJo